crypto currency

[james.hendrickson]

James, I’m having a $100K party and you are invited.

I'll bring all my cool friends.

[QuarterMillionMan]

Hypotheticall question, USDC = $1 USD, if king dollar loses it’s world reserve currency status does USDC then become worthless like king dollar?

[QuarterMillionMan]

I hope this never happens but you never know.

[QuarterMillionMan]

Japan is regulating it's banks in 2025 to process XRP. I just bought $1000 worth of XRP at $1.39 a coin so I now have about 700 XRP coins.

[QuarterMillionMan]

Overnight made $53 on XRP but all cryptos across the board are making gains. Last night when I bought the $1000 in XRP the Coinbase fee was $21 so I had $979 in XRP. In addition Coinbase makes money on the spread as well. XRP was $1.38 at the time but Coinbase's price was $1.39. That's all the price of doing business and you got to pay to play.

[QuarterMillionMan]

Just sold all 2 million of SHIBA INU which is a dumb meme coin. Maybe 2 years ago I bought $50 worth the same 2 million SHIBA INU and held it until now and sold it for a $2 gain. Long term capital gains tax will be about .50 cents tax (no biggie).

[james.hendrickson]

Yep, I unloaded all my DOGE coin, and I just sold all my BAT. The reality is most of these coins have no intrinsic or use value at all.

[ua_guy]

Isn't DOGE (the coin, not the grifter's agency) supposed to save the US from bankruptcy?

[james.hendrickson]

Isn't DOGE (the coin, not the grifter's agency) supposed to save the US from bankruptcy?

I believe the intrinsic value of Dogecoin is zero.

[QuarterMillionMan]

My co-worker maybe 2 years ago bought $150,000 worth of Doge coin. He was depressed when he had lost more than half maybe 1 year ago but if he held it he is probably making a small profit now. I would not touch it.

[james.hendrickson]

Isn't DOGE (the coin, not the grifter's agency) supposed to save the US from bankruptcy?

And to respond back to your more substantive point, yes the Federal government is overspending. Everyone knows this, the major challenge is what to do about it.

[QuarterMillionMan]

I wanted to buy more XRP and was waiting for a dip to buy more but it keeps rising so I'll just ride it for now. 3 days ago bought $1000 worth of XRP. Today it's worth $1136. Not bad for 3 days.

[QuarterMillionMan]

In 2030 when bitcoin may be $1 million a coin, your grand kids might ask, "was bitcoin only $95,000 a coin when I was born.

[QuarterMillionMan]

Bought another $500 worth of XRP today. When an entire nation such as Japan goes all in on XRP, that's saying something and I am listening.

[QuarterMillionMan]

I just bought another $500 of XRP @ $1.96 each, for a total of $2000 of XRP. My unrealized gain for 4 days of buying XRP is $448.